EUR/USD (1.3797)
European & US sessions forecast levels: 1.3570/1.3860
Trend Sessions: European: Neutral
US: Upward
Market Focus: 8:30 AM Productivity-Prel, Unit Labor Costs, Initial Claims, Continuing Claims, 10:00 AM Factory Orders, ISM Services.
Daily Strategy: The dollar delay the losses ahead the key ECB interest rates decision and Trichet speech. Few hours after Trichet the Fed chairmen Ben Bernanke will speech. These events are expecting as key for the trading in the coming couple of days. FS Team expects to see the dollar at the levels above 1.3860 with successive break above the key first resistance. In a short time the euro/dollar may trading above 1.40.